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The Riverside Company and the company’s founders have sold French pharmaceutical company HRA Pharma (HRA). Based in Paris, HRA is a specialty pharmaceuticals leader in niche areas of women’s health and endocrinology.
Riverside invested in HRA in 2011, attracted by the company’s strong foundation and skilled management team.
HRA leveraged Riverside’s healthcare industry specialization and global team to access new markets, expand its R&D efforts, and launch new products. Since Riverside’s investment, the company has nearly doubled revenues, grown its direct commercial presence in Europe from five to eleven countries, launched four new products, and broadened its global footprint
British Business Bank Investments, the commercial arm of the British Business Bank, has agreed to provide a GBP25 million facility to UK independent leasing company Haydock Finance.
The three-year funding commitment is structured as a block discounting facility and is part of the Bank’s Investment Programme, which has now committed a total of GBP110 million to asset finance companies. The programme forms a key part of the Bank’s efforts to increase the diversity and supply of finance for small businesses.
The facility will help Blackburn-based Haydock grow its asset finance division, providing hire-purchase, leasing and refinance for business assets
Private equity firm Wynnchurch Capital has acquired Texas Hydraulics, a manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components for mobile equipment applications, from Dover Corporation.
Founded in 1968, and headquartered in Temple, TX, Texas Hydraulics provides front-end design solutions for the most challenging applications in a diverse range of end-markets, including infrastructure, utilities, natural resources and transportation.
"We are excited to partner with Wynnchurch to grow our business and continue our nearly 50 year history of delivering innovation, quality and exceptional service to our customers. Wynnchurch has extensive experience helping manufacturing companies reach their full potential
Orion Labs has secured USD9 million in new financing from Avalon Ventures and Motorola Solutions Venture Capital.
Orion creates group voice communication accessories that bring people together across any distance. Its accessories incorporate the best features of two-way radios and group messaging, bringing simplicity and style to anyone who needs to be readily connected to a group without the distraction of a screen. Using Orion, groups of people can easily talk to each other throughout the day, anywhere in the world, while being physically engaged in the moment.
"Consumer wearable devices have the potential to transform the way people
HIG Capital has appointed Stuart Aronson, former Head of GE Capital’s Sponsor Finance Group (GSF), as head of the US Direct Klending team at HIG WhiteHorse.
Aronson served as the President and CEO of GSF and was an Officer of the General Electric Company. From 2010 to 2015, GSF was the leading provider of debt financing to U.S. sponsor middle market companies.
HIG WhiteHorse is a provider of customised financing solutions to performing small and middle market companies including senior secured loans, unitranche loans, second lien loans and structured equity. Also joining HIG WhiteHorse are several senior originators from
Advantage Capital Agribusiness Partners has made a second investment in American Botanicals, a Missouri-based supplier of bulk herbs and botanical products, to help fund the acquisition of Aloha Medicinals, a biotechnology company focused on medicinal mushroom production.
American Botanicals buys, processes, sells and exports hundreds of roots, herbs, barks, berries and other botanical products, which are purchased directly from U.S. farmers and dealers and used in products ranging from food to nutritional supplements by the company’s more than 400 customers. Over 90 percent of these natural items are collected in the wild.
“We are excited about welcoming Aloha Medicinals
Bedell Cristin has strengthened its corporate and banking team through a senior appointment in Guernsey, with Ann Halliday, an experienced lawyer in the offshore market and a qualified banker, joining the firm as a senior associate.
Halliday was most recently employed at a senior position at a large law firm in Guernsey and specialises in legal advice for the banking, funds and corporate sector. She entered the legal profession in 1995 and has worked both in-house and in general practice, focusing primarily on banking and corporate law. Prior to that, she had a career in financial services including a significant
KKR has acquired an approximate 9.95 per cent stake in Max Financial Services, the newly demerged entity of the Max Group that owns an approximate 72 per cent stake in Max Life, India’s fourth-largest private life insurance player.
KKR acquired its stake from a sponsor group led by Analjit Singh, Chairman Emeritus of the Max Group.
KKR made its investment from its Asian Fund II through the portfolio investment route. Further details of the transaction were not disclosed.
The partnership between KKR and Max Financial Services comes as the Indian life insurance sector steadily recovers from a recent
Dunedin, the mid-market private equity firm, has sold its original shareholding in CitySprint – the UK’s same day distribution network – in a secondary MBO backed by LDC, valuing CitySprint at GBP175 million.
The deal sees Dunedin reinvesting into the business to retain an equity stake.
Dunedin originally invested GBP33.1 million in CitySprint at the end of 2010 and has since worked alongside management to build the UK’s largest privately owned same day distribution network.
With Dunedin’s support, CitySprint has made 21 acquisitions, creating an unrivalled nationwide network of 40 service centres and over 3,000 self-employed couriers, which
Cebile Capital, a secondaries adviser and placement agent to the private equity and alternative asset management industry, has released its annual ‘Secondaries Outlook Report’ for 2016.
Cebile surveyed 250 secondaries market participants for their experience of market activity in 2015 and expectations for 2016.
Advent, CVC and EQT were Europe’s most demanded GPs in 2015. Buyout flow names predominated in the US, with Hellman and Friedman the most sought after, followed by Apollo and Carlyle.
Deal volume in 2015 was roughly equivalent to 2014, at USD45 billion. Although volume in 2016 is expected to drop to USD37-40 billion
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